Clean Air Power Limited US Genesis-EDGE meets emissions requirements (9772Z)
December 17 2014 - 2:00AM
UK Regulatory
TIDMCAP
RNS Number : 9772Z
Clean Air Power Limited
17 December 2014
17 December 2014
Clean Air Power Limited
("Clean Air Power" or the "Company")
US Genesis-EDGE Product Meets US2010-Compliant Emissions
Requirements
Clean Air Power (AIM: CAP), the developer and global leader in
compression-ignited natural gas engine management systems for
heavy-duty engines, today announces that its US Genesis-EDGE
product has achieved US2010-compliant emissions levels required by
the Environmental Protection Agency (EPA) in formal, independent
certification testing by Ricardo, Inc.
This represents the final stage in the testing process and is
expected to lead to formal certification by EPA in the coming
months. The testing followed the completion of further technical
work on the system's selective catalytic reduction (SCR)
after-treatment system as announced on 25 September 2014.
John Pettitt, Chief Executive of Clean Air Power, said:
"Today's announcement marks a significant step towards the
launch of our product in what is a major potential market for Clean
Air Power. A number of technical developments still need to be
completed before we can launch the product commercially, but on
completion of this important milestone, we can look forward with
greater confidence to bringing the technology to the US market as
rapidly as possible following formal EPA certification."
Enquiries:
Clean Air Power Tel: +44 (0)1772 624
499
John Pettitt, Chief Executive Officer
Neill Skinner, Chief Financial Officer
Citigate Dewe Rogerson Tel: +44 (0)20 7282
2867
Malcolm Robertson
Chris Gardner
Panmure Gordon Tel: +44 (0)20 7886
2500
Corporate Finance
Freddy Crossley / Atholl Tweedie
Corporate Broking
Tom Salvesen
Peat & Co Tel: +44 (0)20 3540
1721
Charlie Peat
About Clean Air Power
Clean Air Power designs, develops and delivers
compression-ignited natural gas engines for heavy duty transport
applications. Clean Air Power's patented MicroPilot and
Dual-Fuel(TM) technology enables engines to run on natural gas
mixed with diesel (or any suitable combustion fuel) providing the
"spark" that ignites the gas. Substituting natural gas for diesel
cuts fuel costs, emissions of carbon, nitrous oxide and
particulates whilst retaining the original engine's power,
efficiency and reliability characteristics. Clean Air Power
operates in the US, Europe, Russia and Australia and has two
commercial divisions:
Dual-Fuel(TM) Vehicle Systems
Delivery of patented Dual-Fuel(TM) systems which include
fully-interfaced systems developed in partnership with truck
manufacturers and the Group's Genesis-EDGE system, developed
in-house as an after-market solution. Dual-Fuel(TM) is a type of
system that adapt diesel engines to run on a combination of diesel
and natural gas whilst retaining engine's basic infrastructure. The
Division sells systems to truck manufacturers for on-line assembly,
approved partners for after-market installation or direct to
customers through its own installation facilities. The Division
also undertakes design and development work for governments and
truck manufacturers on Dual-Fuel(TM) and next-generation MicroPilot
systems.
Components
Design and manufacture of innovative hydraulic valves, injectors
and filters for natural gas engines sold to truck manufacturers
around the world.
Initially founded in the USA in 1991, around GBP50m has been
invested in developing the technology with the result that 69
patents are currently held or pending. The holding company of the
Group is based in Bermuda with operational subsidiaries in the UK,
the USA and Australia. The Group was admitted to the AIM market of
the London Stock Exchange in February 2006.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFFUEFMFLSELE
Clean Air (LSE:CAP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Clean Air (LSE:CAP)
Historical Stock Chart
From Jul 2023 to Jul 2024